Crypto Express

07/14 09:07

HBAR’s volume profile range

In this instance, the Fixed Range Volume Profile tool was used to analyze HBAR’s price action in 2025. Using price and volume data, the indicator showed that the Point of Control (red) was at $0.193. This is usually a key support/resistance level. Strong demand over the past few days meant that this crucial resistance was overcome within two days.

The OBV climbed past the highs it made in May, as did Hedera’s price. Together, this could be a sign of high buying pressure behind the altcoin. Its rally has not been driven solely by speculation though. The 1-day market structure was bullish. Also, the Awesome Oscillator agreed that the momentum was bullish with its positive reading.

Finally, the Value Area High and Low (blue dotted) were at $0.255 and $0.144, respectively. The price may be racing towards the VAH, which could act as a pseudo-range high. The $0.22-level, the resistance from May, could be a valid demand zone in case of a retracement. A breakout past $0.255 and a retest of the same level would also offer a buying opportunity.

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